Interest on unsecured Loan

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Is Interest on Unsecured Loan, paid in cash (e.g. 10,000 per month) Allowable Expenditure ???

It is assumed that T.D.S. is deducted.

kindly advice the same...

Replies (2)

 yes it is allowable Expenditure subjet to availment of PAN cards of lenders

Thanks. But will S.269T have any impact on the above case. please advice...

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